31.03.2017
Capital Stage AG DE0006095003
DGAP-Adhoc: Capital Stage AG increases dividend for 2016 and announces dividend strategy
DGAP-Ad-hoc: Capital Stage AG / Key word(s): Dividend/Dividend
Capital Stage AG increases dividend for 2016 and announces dividend strategy
31-March-2017 / 19:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Capital Stage AG increases dividend for 2016 and announces dividend strategy
The Management Board and the Supervisory Board of Capital Stage AG intend to
propose to the Annual General Meeting on 18 May 2017 an increase in the
dividend for the 2016 financial year to EUR 0.20 per no par value share with
dividend rights (2015: EUR 0.18). On the basis of the current share price,
this corresponds to a dividend yield of around 3.2 percent. Again, the
dividend is to be offered to the shareholders of the company as a scrip
dividend either in cash or in the form of shares of Capital Stage AG.
Dividend policy for the next 5 years
Furthermore, the Management Board and the Supervisory Board of Capital Stage
AG adopted a dividend strategy for for the next five years: This provides
for a continuous increase in the dividend of Capital Stage AG resulting in a
dividend increased by 50% to be paid per no par value share with dividend
rights in five years (EUR 0.30). The dividend strategy thus reflects the
increase in cash flows from the solar and wind parks. Their interest expense
is reduced continuously over the years according to a fixed redemption plan
and leads to a corresponding steady increase in earnings.
About Capital Stage AG:
Since 2009, Capital Stage has been investing in and operating solar and wind
parks, now with installations in Germany, France, Finland, the United
Kingdom, Italy, Austria and Sweden. Including solar and wind parks acquired
and operated as part of the asset management business for third parties, the
company's generation capacity totals more than 1.2 GW. This makes Capital
Stage one of Europe's leading independent solar and wind park operators.
With its solar and wind parks, the company generates attractive yields as
well as continuous and predictable income.
The Capital Stage AG share is listed on the regulated market (Prime
Standard) of the Frankfurt Stock Exchange and on the regulated market of the
Hamburg stock exchange (ISIN: DE0006095003 / WKN: 609500). Since 2014, the
Capital Stage AG share has been included in the SDAX index of Deutsche
Börse.
You can find further information on the company at www.capitalstage.com.
Contact:
Till Gießmann
Head of Investor & Public Relations
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Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: [email protected]
http://www.capitalstage.com
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31-March-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: [email protected]
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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560951 31-March-2017 CET/CEST
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Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Capital Stage AG ISIN: DE0006095003 können Sie bei EQS abrufen
Solar-/Windparks , 609500 , ECV , XETR:ECV